Mari Petroleum Company Limited (MARI) is a big natural gas producer in Pakistan. Their market value crossed $1 billion at the Pakistan Stock Exchange, making them the seventh company to do so. Their share price went up by 43% since June, but not as much as the KSE-100 Index, which went up by over 60% in the same period.

The company has been doing more exploration recently, and they successfully drilled a well in Sindh. They also started production from another well last month. Experts say that MARI doesn’t have as much debt as other companies because their biggest buyer, the fertiliser sector, pays them on time. The government increasing gas prices is also good for companies like MARI.

The other companies in Pakistan with a market value over $1 billion are Oil and Gas Development Company Limited (OGDC), Colgate-Palmolive Pakistan Limited, Nestle Pakistan Limited, Meezan Bank Limited, Pakistan Petroleum Limited (PPL), and Pakistan Tobacco Company.

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By hassani

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